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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (15169)8/13/2002 7:25:17 PM
From: Madharry  Read Replies (2) of 78748
 
Wonder if anyone is trying on UAL for size? I am having difficulty understanding that a company with $2.5B in cash would file for bankruptcy. the market cap of the the company is $153MM according to SI. Why wouldnt they try to renegotiate better terms with their lenders? I dont see the govt ponying up $2B in loan guarantees to save shareholder butts. especially if the market cap is now so low, and they have been pummeled on the us air bankruptcy . any thoughts?
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